P2P platforms write to RBI for relaxation of norms

Payal Ganguly

The Association of NBFC P2P Platforms, an industry body of peer-to-peer (P2P) lending companies, has written to the Reserve Bank ....

20 August, 2019

RBI releases guidelines for testing fintech innovations

Payal Ganguly

The Reserve Bank of India (RBI) has finalised guidelines for the regulatory sandbox to test innovative financial products and ....

14 August, 2019
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RBI to set up central fraud registry for digital payments

Payal Ganguly

Digital payments service providers will now have to report payment frauds to a Central Payment Fraud Registry to be set up by ....

8 August, 2019

SC gives WhatsApp, RBI 6 weeks to file compliance reports for payment services

Payal Ganguly

The Supreme Court has given six weeks to WhatsApp and Reserve Bank of India (RBI) to submit responses over the data localisation ....

5 August, 2019

Cars24 unit gets NBFC licence, to foray into consumer lending

Om Athavale

Cars24 Financial Services, a unit of the automobile buying and selling platform Cars24, has secured a licence for operating as ....

25 July, 2019

WhatsApp to launch payments operations in India this year

Payal Ganguly

Facebook-owned messaging app WhatsApp will launch its unified payments interface (UPI)-backed payments product, WhatsApp Pay, ....

25 July, 2019
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WhatsApp global chief to push for payment products during India visit

Payal Ganguly

Will Cathcart, global chief of social messaging platform WhatsApp, will push for the launch of WhatsApp Pay during his meeting ....

23 July, 2019

Govt panel recommends ban on cryptocurrencies, promotes issuance of digital rupee

Payal Ganguly

A government committee has recommended a law banning cryptocurrencies in India, which will criminalise any activity related to ....

23 July, 2019

Cryptocurrency exchange Cryptokart shuts operations

Tanmay Tiwary

Cryptocurrency exchange firm Cryptokart is shutting down operations. “We've decided to shut down Cryptokart,” ....

19 July, 2019

Fintech startup CredAble’s subsidiary gets NBFC licence

Shweta Sharma

Mumbai-based financial services company CredAble’s wholly-owned subsidiary, Equentia Financial Service Private Limited, ....

18 July, 2019
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Payments Council says zero MDR will be bad for fintechs

Payal Ganguly

The Payments Council of India (PCI), an industry body representing over 100 payments and settlement systems, has said that the ....

9 July, 2019

Delhi HC seeks comments from Reserve Bank, ED on PIL against PayPal

Payal Ganguly

The Delhi High Court has issued notices to the Reserve Bank of India (RBI), the Enforcement Directorate (ED) and Paypal Payments ....

4 July, 2019

Govt to meet food-tech firms, restaurants; former UST Global chief exec to float fund: Reports

Payal Ganguly

After complaints from restaurant associations, the Department for Promotion of Industry and Internal Trade (DPIIT) is scheduled ....

4 July, 2019

Policy Wrap: SEBI norms for startups to issue DVRs; RBI clarifies data storage rules

Payal Ganguly

This week, the capital market regulator allowed initial public offerings (IPOs) for tech firms that have issued shares with superior ....

28 June, 2019

Payments data processed abroad must be stored in India: RBI

Payal Ganguly

The Reserve Bank of India (RBI) on Wednesday said that all data related to payments must be stored only in India and data processed ....

26 June, 2019

RBI looms large this week, with its digital payments agenda

Payal Ganguly

The Reserve Bank of India (RBI) dominated the policy space this week, releasing a report that benchmarked India’s digital ....

7 June, 2019

Digital payments in India accelerated in FY19 due to UPI: RBI report

Payal Ganguly

The volume of retail electronic payments in India grew at an annual pace of more than 50% from 2015 to 2019 driven by higher financial ....

6 June, 2019

Nilekani-led panel suggests measures to grow digital transactions tenfold by 2021

Payal Ganguly

A five-member committee headed by former Unique Identification Authority of India (UIDAI) chairman Nandan Nilekani has envisioned ....

4 June, 2019

After RBI, insurance and market regulators aim to set up virtual testing grounds for fin-tech

Payal Ganguly

After the Reserve Bank of India (RBI) announced its intention to create a sandbox for fintech startups last month, securities ....

21 May, 2019

Policy Wrap : Aadhaar now open for eKYC, RBI’s 2021 vision document sees digital payments rise

Payal Ganguly

Fintech companies can now avail of Aadhaar-based eKYC In a circular dated May 9, the department of revenue, under the Ministry ....

17 May, 2019

RBI’s vision document envisages six-fold rise in PoS infrastructure by 2021

Payal Ganguly

The Reserve Bank of India has estimated that digital transactions will increase four-fold in the country from Rs 2,069 crore in ....

16 May, 2019